Question
GENERAL LEDGER ACCOUNT BALANCES Item: PF2 Ch 26 SCENARIO ThinkCentre remits quarterly to the Canada Revenue Agency. The payroll administrator is posting the March
GENERAL LEDGER ACCOUNT BALANCES Item: PF2 Ch 26 SCENARIO ThinkCentre remits quarterly to the Canada Revenue Agency. The payroll administrator is posting the March payroll journal entry to the General Ledger. The payroll register includes the following information: Salaries and Wages Expense: $4,728.00 Canada Pension Plan Payable: $211.00 Employment Insurance Payable: $82.00 Income Tax Payable: $624,00 Salaries and Wages Payable: $3,811.00 The opening balances for the ledger accounts are Salaries and Wages Expense: $9,456.00 Canada Pension Plan Payable: $416.00 Employment insurance Payable: $164.00 Income Tax Payable: $1,316.00 Salaries and Wages Payable: $7,560.00 Step 1: Expense Account Step 2: Payable Account Step Canada Pension Payatre Account Sap Employment insurance Payable Step Sncome Tax Payable Calculate the closing balance for the Salanes and Wages Expense account. Your answer
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